Livermore left behind a wife and two kids after blowing his brains out. Not exactly someone I'm prepared to take life lessons from.
It seems you and jballs don't really understand what Bitcoin and other digital currencies are, and are rushing to judgement. If you can explain how Bitcoin works under the hood without looking it up, or how digital currencies solve a 25 year-old computer science problem previously thought to be unsolvable, then you have my attention.
No one ever talked about taking "life lessons" from Livermore. He is valued for his lessons on trading/speculating. The guy was worth $3 million after the crash of 1907 and $100 million after the crash of 1929. $100 million in 1929 is prob billions in today's dollars. And he started out when he was a teenager with around $5. If you dismiss someone with a track record like that then you are not very bright.
Neither jballs nor I is talking about esoteric things like 25 yr old cs problems. We are talking about bitcoin as a speculative instrument. If you don't think it is a speculative instrument then I don't know what to tell you.